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Annual Airbnb Revenue In Sokcho South Korea

Last updated on May 15th, 2024

Sokcho| Airbnb Market Data & Overview | South Korea

Sokcho
Airbnb Market Data & Overview
South Korea

Is it profitable to do Airbnb in Sokcho, South Korea?

What is the occupancy rate of Airbnb in Sokcho, South Korea?

What is the average daily rate of Airbnb in Sokcho, South Korea?

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Sokcho, South Korea Airbnb Data

Last updated on: 15th May, 2024

South Korea / Sokcho
Investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Without further ado, let’s see if Sokcho is good for Airbnb.

Is Airbnb Profitable in Sokcho ?

No, at least on a surface level. The short-term rental market is not an exciting thing in Sokcho..
Best Airbnb Markets in Asia ⟶
Occupancy Rate

42%

KRW123,936

Daily Rate

KRW20M

Revenue (2023)

2,007

Number of Listings
A typical short-term rental listing in Sokcho is booked for 153 nights a year, with a median occupancy rate of 42% and an average daily rate of KRW123,936. In Sokcho, A typical host income (annual revenue) was KRW20M in 2023. There are 2,007 active Airbnb listings as of 2024-04-15.
A 42% median occupancy rate is considered a risky market to do an Airbnb. There are definitely few hosts making good income, but you may struggle to get year-round bookings. We suggest you do further research on this market.

Best Areas in Sokcho for Airbnb

Best Areas in Sokcho for Airbnb Are you wondering where to invest in Sokcho? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Seoraksan National Park
  2. Sokcho Beach
  3. Naksansa Temple
  4. Seorak Cable Car
  5. Daepo Port Fish Market
  6. Sokcho Jungang Market
  7. Seorak Waterpia
  8. Sokcho Tourist & Fishery Market
  9. Yeongnangho Lake
  10. Sokcho Expo Tower
Okay, you might wonder about more specific data. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
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